the stock price plummeted. Because the share price of China Feihe plummeted, it once fell by more than 8%, and the market value of over 1 billion instantly evaporated. No investment value. Feihe Dairy was founded in 1962, taking off from beautiful Qiqihar, he cheng, and has been specialized in dairy manufacturing for more than 5 years. It is one of the earliest milk powder manufacturers in China.